Actually, Money CAN Buy Happiness. Here’s How

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Actually, Money CAN Buy Happiness. Here's How

The question of how we need to be happy has baffled everyone from philosophers of self-help gurus, and we normal people. My research suggests that money often does not buy us much in the way of happiness – not because it can not, but because most of us are not spending the right way.

Think about where your money goes each month. If you are like the people we’ve surveyed around the world – from Canada to Uganda, South Africa to the USA – You probably spend most of your money on one thing: things. Big things like cars and houses, means things like TVs and iPhones, small things like coffee and snacks.

Only one problem with buying so many things: all data suggest that simply does not make us happy. The size of your home, the price of your car, your fourth coffee of the day – none of them has any bearing on how happy we are with our lives. And interestingly, this seems to be true for people all over the world, rich and poor alike.

So what we can spend our money make us happier?

Buy experiences.

Research shows that experiences – from small time to big holiday nights – are a more reliable source of happiness of things. To begin, the experiences are more interesting things as they happen. Think how much more enjoyable a night out with friends is that one spends sitting plunked in front of a TV.

But the experiences have additional hidden benefits. The days spent waiting for things we bought to generally reach makes us feel anxious (negative emotion), but the days before we actually experience filled with anticipation (positive emotion). No fun to be pining for your next iPod, but it’s fun to fantasize about your next trip.

And the experiences beat things in the long run, too. Our TVs get old and dated shortly after the buy, but actually improve travel in our memory over time. Many people reflect more fondly of their honeymoon, when they were actually sitting at the airport waiting for a delayed flight. Before, during and after – win experience things.


Buy time.

In a talk I gave recently, I asked the audience to raise their hands if they felt they could afford to pay someone to clean your house once a month. Very few people did. Most considered it a luxury that simply could not afford.

Then I asked how many of them had bought a coffee in the morning. Almost every hand shot up. In fact, the majority of persons admitted not buy one, but several cafes every day. I asked them to do some math: the price of a couple of cups of coffee every day for a month is equal to the amount of cash (or latte!)? (Take a moment to imagine their own “box of coffee.”) Many people reported spending more than $ 100 a month on coffee alone – those trips to Starbucks not add up!

Then I asked a simple question: would you rather drink a little less coffee for someone clean your house once a month? You spend the same amount of money, but best buy: a whole Sabbath that could happen to your family, or an experience, or even the time to look at a wall. (Actually what not beat clean the bathroom?)

This lack of use of our money to buy better time arises from our general tendency to focus on specific things – I need a coffee now – instead of thinking in general terms about how to allocate money to maximize our overall happiness. Changing our money buying things to make us free time to pursue the things that really make us happy.

Invest in others.

Buying experiences when buying and involves passing both buying things for ourselves to buy more valuable things for ourselves. But my research has uncovered an additional means to buy happiness. Besides changing what you buy, consider changing for those who buy.

In the experiments we have done with Elizabeth Dunn, a professor at the University of British Columbia, we gave people free cash, but with a catch. It took our instructions. Some even spend their money on themselves, but others said they had to spend money on someone else – a gift for a friend, a donation to charity, or any other creative medium that allows them to invest his money in others.

Again and again, we saw the same pattern of results. People who spend themselves received no benefit happiness – one more coffee does not change how we feel about our day. But people who spend on others were happier with reliability. And this is true throughout the world, even in very poor countries. On a very fundamental level, spending on other gives us the “warm glow of giving.”

Still think that money can not buy happiness?

Then you’re probably not spending it right. If you want to do an experiment on himself, breaking your monthly expenses “categories happiness.” Allocate enough of your cash for buying time, buying experiences, and investment in others. Make sure to do this at the end of each month will allow you to squeeze the most happiness of every penny you spend.

We’re making an attempt laborious to make higher relationships within the world.
But we tend to can’t have a go at it without YOU!

Did this feature assist you higher yourself or your relationship?
You can do modification somebody else’s life too!



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